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Minn. woman pleads guilty to bank fraud

A woman from Ramsey, Minn., has pleaded guilty to bank fraud. It's the second guilty plea in a wide-ranging fraud ring uncovered by federal authorities.

Titalayo Fowoshere pleaded guilty Tuesday to a single count of bank fraud in federal court. She is one of nearly a dozen people thought to have run a fraud ring that used counterfeit credit cards to steal hundreds of thousands of dollars from Virginia-based Capital One bank.

Federal authorities said those involved bought stolen personal information from the Ukraine, then used it to get access to bank accounts and take out money from nearly 200 ATMs.

Fowoshere admitted to U.S. Distric Court Judge Richard Kyle that she'd been part of the conspiracy. She was told in court that surveillance images showed her at an ATM involved in at least one of the thefts.

She admitted that her husband had been a key part of the ring, and that she had helped. He has reportedly fled to his native Nigeria.